Guideline Value for Bharathiyar Nagar 13th Street

Bharathiyar Nagar 13th Street guideline value

The current guideline value of Bharathiyar Nagar 13th Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bharathiyar Nagar 13th Street has changed

The guideline value for Bharathiyar Nagar 13th Street has seen several revisions over the years. The 2012 revision set the rate at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. Following this, the value increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in the 2024 revision, marking a 13% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 13%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Bharathiyar Nagar 13th Street's 2024 value is below this median.

• Bharathiyar Nagar 12th Street: Rs 1,700 per sq.ft (2024)
• Bharathiyar Nagar 14th Street: Rs 1,700 per sq.ft (2024)
• Bharathiyar Nagar 11th Street: Rs 1,700 per sq.ft (2024)
• Bharathiyar Nagar 15th Street: Rs 1,700 per sq.ft (2024)
• Bharathiyar Nagar 10th Street: Rs 1,700 per sq.ft (2024)
• Bharathiyar Nagar 16th Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Nagar 13th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharathiyar Nagar 13th Street?

The Sub Registrar Office that covers Bharathiyar Nagar 13th Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To learn more about your local SRO, you can find your SRO.

How the guideline value is used when you buy or sell in Neelankarai

The guideline value is a crucial factor in the registration process when buying or selling property in Neelankarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately and in compliance with local regulations. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bharathiyar Nagar 13th Street?

The current guideline value of Bharathiyar Nagar 13th Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification of Bharathiyar Nagar 13th Street?

Bharathiyar Nagar 13th Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for Bharathiyar Nagar 13th Street?

The Neelankarai Sub Registrar Office handles registrations for Bharathiyar Nagar 13th Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.